The tughra reads: "sabri" ("Mahmud Khan son of Abdulhamid is forever victorious").
Not all of the lines are colored. These lines were added only for decorative purposes. Some of the lines can depending on the interpretation be seen as a name, but some are only for decorative purposes to fill some empty space between other lines.
Source: English Wikipedia, original upload see file history
(del) (cur) 21:37, 21 November 2004 . . Baba65 (80289 bytes) (Reverted to earlier revision)
(del) (rev) 17:33, 13 November 2004 . . Ed g2s (34889 bytes) (resized, large version is still in file history)
(del) (rev) 13:17, 29 October 2004 . . Baba65 (80289 bytes) (Tughra, Sultan Mahmud II, Creator: Baba66 (German Wikipedia), Licence: GNU-FDL)
(del) (rev) 02:19, 29 October 2004 . . Gdr (13208 bytes) (Tughra Mahmud II showing the structure of the caligraphy. The tughra reads: "Mahmud Han bin Abdulhamid el-muzaffer daiman" ("Mahmud Khan son of Abdulhamid the Ever Victorious"). [1]. No)
This is a printable version of Image:Tugra Mahmuds II.gif. TughraMahmud II showing the structure of the calligraphy. The tughra reads: ''"Mahmud Han bin Abdulhamid muzaffer daima"'' ("Mahmud Khan son of Abdulhamid is forever victorious").